The TAF, which is a branch of SALIHIN and located at UMT’s School of Maritime Business and Management, is a joint collaboration between SALIHIN and UMT to provide a unique and advanced learning and practical training platform for both accounting lecturers and students. “It is a hallmark of SALIHIN’s innovative practical solution addressing the unmet needs and challenges facing the nation, the industry and the academia in nurturing and producing industry-ready graduates,” said Salihin Abang, Managing Partner of SALIHIN, Chartered Accountants.

He believes that accountancy related subjects, such as financial accounting, direct taxation, GST, auditing, company secretarial practice and the like, are practical in nature, yet students and lecturers are not adequately exposed to real-life industry practice in the learning process. Ironically, these students are expected to meet industry standards and ready for absorption in the profession. Concerns about skill-mismatch, incompetency and other graduate employability issues are best addressed with the concept of TAF, just like a Teaching Hospital.

The TAF is a great platform SALIHIN and UMT introduced in the world accounting fraternity to integrate real-life industry environment with teaching and learning environment for holistic engagement with students and lecturers. Thus, it will provide strong, effective, efficient, and sustainable capacity building to both lecturers and students.

The uniqueness of this initiative is that it is jointly managed and ran by SALIHIN and UMT. SALIHIN is made up of a group of distinct entities tailoring unique and independent consulting services in the areas of auditing and assurance, taxation (direct and indirect), shariah auditing, business advisory and corporate finance. Meanwhile UMT is the focused-marine based university that has undergone various transformations for better quality of human capital formation.

This marriage between SALIHIN and UMT is expected to contribute immensely in nurturing and producing quality employable accounting graduates by bridging the gap between theory and practice in a real-industry atmosphere.

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TAF-UMT Courses

Posted on 20/01/2017 (fana)

Public universities in Malaysia has been mandated by The Ministry of Higher Education (“MOHE”) to escalate the industrial knowledge to the students of Degree of Accountancy in achieving the holistic conceptual of 2u2i Program.

Therefore, UMT through the School of Maritime Business & Management has successfully fulfilled the requirements of 2u2i Program.

This program, namely TAF-UMT introduced five elective course modules which cover accounting, audit and assurance, taxation (direct and indirect), company secretarial and other advisory services. These courses will be assessed through elements of workplace based assessment, written assignment report, portfolio and presentation in which will be evaluated by the respective lecturer and TAF supervisor.

Details of the courses are as follow:

1) ACT4993: Accounting Work Integrated Learning Attachment

Provide students with first-hand experience as an accountant and the development of professional skills required in the future profession especially in financial accounting.

2) ACT4994: Taxation Integrated Learning Attachment

Equip students with first-hand experience as a tax assessor and developing the necessary professional skills for tax advisory tasks.

3) ACT4995: Audit Work Integrated Learning Attachment

The attachment will allow students to apply their theory on audit knowledge and concepts from the syllabus to develop a practical understanding through experiencing the real case scenario.

4) ACT4996: Secretarial Integrated Learning Attachment

Inculcate students with real experience as a Company Secretary and develop a practical understanding of other secretarial work.

5) ACT4997: Business Advisory Integrated Learning Attachment

Instill the student's consultancy skills to allow them to actively cooperate and consult the clients which will be required in business nature.

What are the current issues faced by the accounting students and lecturers in the academic sector?

Posted on 20/01/2017 (fana)

Students and lecturers are not adequately exposed to real-life industry practice and could not meet the needs and challenges faced by the academia industry. Concerns about skill-mismatch, incompetency and other graduate employability issues are best addressed with the concept of TAF.

What is Teaching Accountancy Firm (TAF)?

Posted on 20/01/2017 (fana)

TAF is a joint collaboration between SALIHIN and Universiti Malaysia Terengganu (UMT) to provide a unique and advanced learning and practical training platform for both accounting lecturers and students.

It is also a marriage between academia and the professional practice aimed at producing “thinking and enterprising accountants” relevant to industry and national.

Student Engagement with the industry

Posted on 19/01/2017 (fana)

In Malaysia, higher education is integral to the professionalisation of financial accounting area. However, the traditional separation between academia and practice in tertiary curriculum does not necessarily equip students with the skills required to apply the content in a professional context.

Thus, this platform is being utilised to bring industry-experience to the students so that it can convey encouraging vibes to them especially to the final year students. SALIHIN’s consultants engaged with the accounting students via exposing to them the reality of working life in an accountancy firm. Students are also given chances to learn hands-on experience of working environment as they can undergo practical training in TAF Office located in UMT